Global #Solana

The daily trading volume of decentralized exchanges (DEX) on Solana [SOL] has decreased, contrasting with the figure three days prior, which exceeded $1.5 billion. This decline is notable compared to Solana's performance in April when its DEX volume reached a monthly high of $60 billion.

The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum's dominance.

On May 22, 2024, Brian Kelly, a prominent figure in the crypto investment realm and a trader on CNBC's 'Fast Money', suggested that Solana (SOL) could potentially become the next cryptocurrency featured in a spot exchange-traded fund (ETF) in the United States.

The cryptocurrency community is eagerly awaiting news regarding the potential endorsement of a spot Ethereum ETF by the US Securities and Exchange Commission (SEC).

After reaching $175 on May 18th, Solana (SOL) experienced a price correction that led to a decrease in its value. Does this indicate a likelihood of SOL declining further in the upcoming days?

Solana has emerged as the frontrunner among major blockchains, demonstrating remarkable speed by handling an astounding 91 million transactions within a single day.